Chandes Momentum Oscillator Technical Analysis & XAUUSD Signals
Made and Built by Tushar Chande
Chandes Momentum Oscillator Indicator Trading measures energy of a xauusd.
This Indicator uses a scale going from +100 to -100, which helps the trader see net momentum changes clearly, using the 0 point as a way to see if it's balanced.
Calculation
Chande momentum uses data for days when prices went up and down in the numerator, so it measures momentum directly.
It calculates on raw data. This spots short-term spikes clearly. You can add smoothing to the oscillator.
XAUUSD Technical Analysis and How to Generate Trading Signals
Buy Signal
This Oscillator Trading measures the energy of price.
Levels above Zero line are considered to be bullish/buy trade signals.
Greater indicator elevation correlates directly with intensified upward momentum in price.
Buy Signal
Sell Gold Signal
Levels below Zero line are considered to be bearish/buy trade signals.
A lower reading on this metric signifies stronger downward pressure on price movement.
Sell Signal
Explore Additional Tutorials & Tutorials:
- Stochastic Cross-over Stock Index System
- How to Find MT4 USD CHF Chart
- Ichimoku MT5 Trading Indicator Analysis in Charts
- What are AC Buy & Sell FX Signals?
- How to Read XAU USD Chart for Beginner Traders
- Average Directional Movement Indices MetaTrader 4
